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Alphabet drags Wall Street lower as bitcoin, silver and gold drop

Alphabet drags Wall Street lower as bitcoin, silver and gold drop

Dropping technology stocks are dragging the U.S. market lower again, while prices for bitcoin, silver and gold fall sharply

Morning Bid: Rise of the job-killer robots?

Morning Bid: Rise of the job-killer robots?

By Anna Szymanski Feb 6 - Everything Mike Dolan and the ROI team are excited to read, watch and listen to over the weekend. From the Editor Hello Morning Bid readers!

Bessent says up to Trump whether Warsh might be sued over policy choices

Bessent says up to Trump whether Warsh might be sued over policy choices

By Michael S. Derby Feb 5 (Reuters) - U.S. Treasury Secretary Scott Bessent on Thursday declined to commit that the Trump administration would not sue Kevin Warsh, its nominee to lead the Federal Reserve, if he follows a monetary path opposed by the president.

Fed's Daly says US economic outlook feels 'precarious'

Fed's Daly says US economic outlook feels 'precarious'

By Ann Saphir Feb 6 (Reuters) - San Francisco Federal Reserve Bank President Mary Daly said on Friday she feels the U.S. economy is in a "precarious" position.

Falling tech stocks and a plunge for bitcoin hit Wall Street

Falling tech stocks and a plunge for bitcoin hit Wall Street

Sharp drops hit Wall Street as technology stocks sank and bitcoin plunged again to roughly half its record price set in the fall

Tech stock shakeout clouds market ahead of economic data deluge

Tech stock shakeout clouds market ahead of economic data deluge

By Lewis Krauskopf NEW YORK, Feb 6 (Reuters) - An artificial intelligence-driven shakeout in the heavyweight technology sector is set to keep stock investors on edge in the coming week while a barrage of data could shift focus to the health of the economy.

Bessent says Trump's comment about suing his Fed chief nominee was a joke

Bessent says Trump's comment about suing his Fed chief nominee was a joke

By Andrea Shalal WASHINGTON, Feb 6 (Reuters) - U.S. Treasury Secretary Scott Bessent on Friday stressed that President Donald Trump was joking when he said over the weekend that he could sue Kevin Warsh, his nominee to lead the Federal Reserve, if he doesn't lower interest rates.

On Capitol Hill, Treasury Secretary Bessent’s testimony descends into insults and shouting matches

On Capitol Hill, Treasury Secretary Bessent’s testimony descends into insults and shouting matches

A hearing with Treasury Secretary Scott Bessent turned chaotic Wednesday as Democratic lawmakers clashed with him over fiscal policy and Trump family conflicts

Exclusive-Fed's Daly sees labor market vulnerabilities, room to cut interest rates

Exclusive-Fed's Daly sees labor market vulnerabilities, room to cut interest rates

By Ann Saphir Feb 6 (Reuters) - San Francisco Federal Reserve President Mary Daly on Friday said she thinks one or two more interest rate cuts may be needed to counteract weakness in the labor market, where workers are "walking a knife's edge" with higher prices eating into their wages and scarce

US services sector treads water in January as new orders slow

US services sector treads water in January as new orders slow

WASHINGTON, Feb 4 (Reuters) - The U.S. services sector held steady in January, but businesses paid more for inputs, suggesting that services inflation could pick up after being on a slowing trend in recent months.

Dollar steady, yen wobbles ahead of Japan election

Dollar steady, yen wobbles ahead of Japan election

By Ankur Banerjee SINGAPORE, Feb 4 (Reuters) - The U.S. dollar was steady on Wednesday as investors remained cautious after a partial government shutdown swiftly ended while the yen wobbled near a two-week low ahead of what is shaping up to be an national election over the weekend.

Trading Day: AI, geopolitics take their toll

Trading Day: AI, geopolitics take their toll

ORLANDO, Florida, Feb 3 (Reuters) - Wall Street slumped on Tuesday on concerns that tech companies could face steeper competition and lower margins as a result of AI, while precious metals rebounded sharply on renewed U.S.-Iran tensions. More on that below.